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14 wrz 2022 · Plain Green Loans, one of three websites operated by Think Finance, reached a settlement over predatory and illegal lending practices.
14 maj 2024 · The CFPB’s victims relief fund’s $384 million distribution to consumers harmed by Think Finance is a result of the CFPB's prosecution. This distribution will provide financial redress to thousands of consumers who Think Finance lied to, and who lost money due to the company’s illegal practices.
16 wrz 2021 · Borrowers took out payday loans from the Tribal Lenders that they now contend were illegal, and they filed class-action complaints against numerous entities, including the Tribal Lenders and Haynes Investments, LLC; Sequoia Capital Operations, LLC; and 7HBF No. 2, LTD (collectively, Investors).
17 sie 2022 · The US District Court for the Eastern District of Virginia approved a settlement in the last of nine class action lawsuits against entities that made extremely high-interest internet loans in Virginia and other states. The settlements paid out over $900 million in relief to borrowers and helped pass the 2020 Fairness in Lending Act.
8 mar 2016 · GREAT FALLS – Former Chief Executive Officers for Plain Green, the Chippewa Cree Tribe’s internet lending business, were both sentenced today to several years in prison by U.S. District Judge Brian Morris in Great Falls.
In 2011, Plain Green Loans issued over 121,000 loans. [2] ... In 2014, several members of the tribe were convicted of illegally siphoning seven percent of the company's revenues which totaled $25 million over a three-year period. [5] In January 2018, there was a successful settlement was reported between Plain Green Loans and BEH Gaming Ltd ...
